Collection: Warren Buffett - #196 'How Their Investment Strategy Has Changed?'


Video Link: https://youtu.be/Fs6g8lxO3JI


In this episode, Warren Buffett & Charlie Munger explain why they won't buy the Omaha World-Herald newspaper?

In this episode, you’ll learn:

  • Warren Buffett on Omaha World-Herald newspaper.

  • How Warren Buffett investment strategy has changed?

To check out all Collection: Warren Buffett <click here>

[Transcript]

(Source: https://buffett.cnbc.com/2000-berkshire-hathaway-annual-meeting/)

~ Please visit the site above for full video of Berkshire Hathaway Annual Meeting.

AUDIENCE MEMBER 00:08

Given your comments about newspapers, may we assume that you are probably not going to buy the Omaha World-Herald?


WARREN BUFFETT 00:13

I think that’s a fair assumption. But that would probably be true regardless of my thoughts about newspapers. Because they’re not going to sell.


Charlie, have you got anything to add on any of those?


CHARLIE MUNGER 00:25

Well, that story about the World-Herald is interesting. The truth of the matter is that, if Warren had been offered the Omaha World-Herald 20 or 25 years ago, he would’ve cheerfully bought it. And now he doesn’t want it. And that isn’t because of the economics.


WARREN BUFFETT 00:43

That’s true. Yeah, I mean, there’s no question — I have not been offered it, never will be offered it. And all — the ownership’s all set. But what Charlie said is true.


If it were still owned by an individual, and they offered it to me, for economic reasons, I wouldn’t want to buy it. And for other reasons, I wouldn’t want to buy it.


CHARLIE MUNGER 01:00

But you wouldn’t want to buy it now, because your life would be less congenial afterward than before. There’d be more people after you.


WARREN BUFFETT 01:07

There’d be no plus in life to owning the World-Herald, at all. Yeah. (Laughter)


And, as Charlie said, that’s probably not the way we would’ve thought 30 years ago.


CHARLIE MUNGER 01:18

Not at all.


WARREN BUFFETT 01:21

I think we’re right now. Number 2.

  • Facebook Social Icon
  • YouTube

Like & Follow YAPSS social media page to get notify on the latest update.

Disclaimers: YAPSS/YAPSS.com is not managed by a registered investment advisor or a broker/dealer. Information from YAPSS/YAPSS.com and any content posted by YAPSS/YAPSS.com is for entertainment & education purposes only and not a buy or sell of security recommendation. In no event shall YAPSS/YAPSS.com be liable to any damages arising out from the use of YAPSS/YAPSS.com content or material published or available on YAPSS/YAPSS.com. Lastly, YAPSS/YAPSS.com is in no way guaranteed for accuracy or completeness of published information and hence, please do your own due diligence.

©2020 by YAPSS. All Right Reserved.